Elliott Said to Meet BHP Shareholders as Fund Urges Overhaul
- Elliott is urging changes including sale of U.S. oil assets
- Activist fund is reviewing its plan with BHP shareholders
BHP Billiton Ltd. dragged commodity producers to the worst performance on the Stoxx Europe 600 Index, falling 5.7 percent after trimming its full-year iron ore output forecast.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Elliott Management Corp. is meeting with BHP Billiton Ltd. shareholders in Australia as the activist investor urges BHP to overhaul its businesses, a person familiar with the matter said.
Members of Elliott’s BHP investment team, including James Smith who is heading the campaign and oversees Elliott’s Hong Kong office, are going over details of their plan for Melbourne-based BHP with other shareholders, said the person, who asked not to be identified because the meetings are private.